Q.3 Despite efforts at formalisation, the challenge of informality looms large for India. Examine the reasons for persistent informality and suggest the way forward. (10 Marks)

Mentor’s comment- thehindu.com/opinion/op-ed/indias-economy-and-the-challenge-of-informality/article38335803.ece In the intro, mention that despite witnessing rapid economic growth over the last two decades, 90% of workers in India have remained informally employed, producing about half of GDP. In the body, mention the reasons for informality such as excessive state regulation of enterprises and labour, also mention that political and economic … Continue reading Q.3 Despite efforts at formalisation, the challenge of informality looms large for India. Examine the reasons for persistent informality and suggest the way forward. (10 Marks)